Innovation News

Jersey City, NJ - According to John Lechleiter of Forbes, "If you are a regular reader of politically oriented commentaries on the pharmaceutical industry then you are familiar with, and perhaps even subscribe to, what I call “the Big Five”—myths about this industry that routinely poison debates, obscure genuine problems, and distort policy recommendations on health care. These myths have been all over the public arena again recently, and it’s time to confront them systematically."

He then goes through several Big Pharma Myths:·Myth #1 Pharmaceutical companies exaggerate the costs of developing new medicines to justify high prices. ·Myth #2 Industry does not develop most new medicines; they come from government and university laboratories. ·Myth #3 Prescription medicines are the main driver of health-care cost increases. ·Myth #4 Public and private health-care payers must accept and pay whatever prices drug companies charge for medicines. ·Myth #5 Government-controlled pricing of medicines in other countries explains their lower health-care costs.

For the full article: http://www.forbes.com/sites/johnlechleiter/2015/05/19/debunking-the-five-big-myths-about-big-pharma/2/